5:19 No Yes No...if a teacher is confused, you can imagine what will happen to students. i Dont think so it should be "Yes" as you have written above for test # 5. The test says "No alt use to Lessor" - if you answer Yes, you are agreeing that Yes there is no Alt use to lessor and hence asset is with lessee and hence should be Finance Lease. If you say "No" to "No alt use to lessor", it means lessor can in fact use it and resell as is the case above as asset goes back to Boeing
Thanks for the explanation. It's very useful. I just link the IAS 40 and IFRS 16, and I am wondering whether the ROU asset can be revalued under fair value model or no? For example, the land lease from Industrial park with annual lease payment.
Would the current portion if the lease liability not just be the principal portion of the payment? --> 17,096 instead of the principal portion (17,096) + interest (2,903.92) = 20,000
@@Nancy4606It's not wrong, remember it's an annuity due so there's no interest on the first payment as they paid it on the first day. So it would just be 20,000 plus the present value of the payments using 4 years instead of 5. (The first year is the 20k that I added first)
5:19 No Yes No...if a teacher is confused, you can imagine what will happen to students. i Dont think so it should be "Yes" as you have written above for test # 5. The test says "No alt use to Lessor" - if you answer Yes, you are agreeing that Yes there is no Alt use to lessor and hence asset is with lessee and hence should be Finance Lease. If you say "No" to "No alt use to lessor", it means lessor can in fact use it and resell as is the case above as asset goes back to Boeing
Thanks for the explanation. It's very useful. I just link the IAS 40 and IFRS 16, and I am wondering whether the ROU asset can be revalued under fair value model or no? For example, the land lease from Industrial park with annual lease payment.
Did we add the cost of transporting the asset to the right use of asset?
Would the current portion if the lease liability not just be the principal portion of the payment? --> 17,096 instead of the principal portion (17,096) + interest (2,903.92) = 20,000
Sir
Hope you are doing well
Can you explain to me how we achieve present value factor 4.62
I got 4.45. What did you get?
@@iansande748 i am also 4.45, maybe 4.62 is wrong.
@@Nancy4606It's not wrong, remember it's an annuity due so there's no interest on the first payment as they paid it on the first day. So it would just be 20,000 plus the present value of the payments using 4 years instead of 5. (The first year is the 20k that I added first)
Yes, I also want to know how to achieve PVF at 4.62. According to the formula, the PVF should be 1/[1+(1+4%)^5] =0.82, right? Pls advise, thanks!
What happens if you meet more than one of the tests for determining the life to amortize over?
Didn't get your question
There is a typo in the description
Sir pls help me....how to prepare lessor balance sheet and lessee income statement
Pls anyone help me...what will be the journal entry for yr 2025...??